RE:RE:RE:RE:RE:RE:RE:RE:Nations Royalty started trading rockport,
agreed that SEA is a good example.
theyve spent around $500 million the past few years alone moving through feas.
A solid prefeas report is not out of the question, but we are still a couple of years away from that at a minimum (and I dont mean PEA when I say prefeas). If you had enough workd done, and had environmental and other permits, within the realm of possibility..........but still a few years and a few hundred million, at least, away for TU
Hold tight TUO SH! enjoy the FREE ride care of our TUD cousins!!!
rockport1 wrote: I said a production decision would normally take place after a bankable feasibility study, however, there are exceptions. Our neighbor, with a massive project in KSM, has not yet completed a bankable feasibility study, but they essentially already comitted. They have applied for "Officially Started" status to ensure the permits remain valid at KSM, and have spent hundreds of millions already.
rockport1 wrote: A production decision would normally take place after a bankable feasibility study. Tudor might be able to sneak it forward slightly. But it should have to take place after the exploration for the mine plan is complete; the original option agreement probably specifies the exact details.
I think it is unlikely they could mine by 2030; that would be a surprise to me. If the mine was commissioned by 2030, it would enter into production before KSM, which will take five years to build the MTT alone. Given they don't yet have the permits or any agreement with Tudor, I would think they are at least six years away.
TCrelave wrote: Hi!, lots of great content 'mostly' lol! To your point, I do wonder what a 'Production Decision' would look like. Could TUD after a PEA say, "We're going to Production!"? Walter Storm and others with KK have been deeply involved with 'going to production'. KK is on record estimating that TC would be a mine by 2030. CS600 certainly looks capable by itself.
Good luck to most!